Securitize to Mint Stablecoins Directly With Anchorage Digital Bank
Securitize, home to tokenized funds from BlackRock, Apollo and KKR, will source settlement dollars from federally chartered Anchorage Digital Bank instead of intermediaries, bringing OCC supervision to the cash leg of its trades.
The dollars that settle trades on Securitize, the tokenization platform that hosts funds from BlackRock, Apollo and KKR, will now come from a federally chartered bank rather than from intermediaries. The partnership with Anchorage Digital Bank was announced on October 20, 2026.
Under the arrangement, Securitize can mint and redeem stablecoins directly with Anchorage. Institutional investors on the platform can then transact using stablecoins issued by a federally regulated bank, which brings closer regulatory oversight to the cash portion of each trade.
That oversight comes from Anchorage's charter. Anchorage is the first federally chartered crypto bank in the US, and a bank charter brings federal supervision, specifically from the Office of the Comptroller of the Currency.
A tokenized trade has two sides. One is the asset itself, such as a token representing a share in a fund; the other is the payment, often called the dollar leg. Securitize, which manages over $4 billion in assets from tokenized funds, built its business on the asset side. The dollar leg is where intermediaries have typically sat between investors and the dollars they need, and this deal is aimed squarely at that link in the chain.
The stablecoins involved
Anchorage's stablecoin lineup includes USDtb and USA₮. USDtb held approximately $530 million in reserves as of August 31, 2026, and 99% of those reserves are backed by BUIDL tokens.
That composition draws the main criticism of the arrangement. USDtb's reserves lean heavily on a single type of backing asset, a concentration risk.
A second caveat is regulatory dependence: the value of the deal rests largely on Anchorage's federal charter, so any shift in how regulators treat crypto banks would ripple through it.
What it means for the market
The deal fits a pattern of regulated banks moving closer to stablecoin infrastructure. Last week, we reported that Cross River Bank embedded Ripple's RLUSD into its core banking system, giving fintechs access to blockchain payments without building their own rails. Securitize's move applies similar logic on the institutional side, where the issuer of the settlement asset is now a supervised bank.
For tokenized fund managers and their investors, the practical change is in the compliance profile of the cash leg: a settlement asset with a federal supervisor behind it.
